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805 20th Street A,B,C

West Palm Beach , FL 33407

MLS#: R11161477

$700,000

Status: Active
Listing number: R11161477
Listing provided by: The Keyes Company
Listing agent phone: None
Last update: 7 days ago
On site: 24 days ago
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WASHINGTON HEIGHTS - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1929

Sq.Footage

2,716

Rare investment opportunity with a front single-family home (3/1, approx. 1,600 SF) and a two-story duplex in the rear. Duplex includes a 4/2 upstairs $2,000 per month lease expires 6/30/27. 3/1 downstairs vacent and rents for $1,800-$1,900. Front house leased for $2,400 month-to-month creating flexibility for rental increases or future redevelopment. Total rents up to $6,300 or more. Front home features A/C (2018), . Rear units include newer wall A/Cs and water heater (2016). Below-market rents provide built-in value-add. Drive-by only--please do not disturb tenants. According to the West Palm Housing Authority, market rates for a 3-bedroom unit are $2,590 and for a 4-bedroom unit are $3,130. Additional Features: Utilities: Three separate electric meters, one shared water meter (average $300 per month) Lawn care: Approximately $60 per month Investment Highlights: Immediate Upside: Rents are currently below market, with the opportunity to increase to align with West Palm Housing Authority rates, totaling $8,310 per month across all units. Strong Rental Demand: Close to employment hubs, Clematis Street, and major transit routes including I-95, Brightline, and Palm Beach International Airport. Area Revitalization: Northwood is undergoing significant redevelopment, leading to increasing property values and rental demand. Strategic Location: Steps from the Northwood Historic District, 1.8 miles from downtown West Palm Beach, and minutes from the Intracoastal. Why Invest Here? This property offers strong rental income potential, a prime location, and long-term appreciation, making it an excellent investment for steady cash flow and future growth. Whether you are looking to maximize rental income or owner-occupy a unit, this opportunity provides flexibility and potential in one of South Florida's most promising markets.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Central, Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Patio and Porch Features

    Porch

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.13

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $700,000

  • Tax Amount

    $6,214.15

  • Sq. Footage

    2, 716

  • Price/SqFt

    $257

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Association Amenities

    Park

  • Senior Community YN

    NO

  • Water Source

    Public

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Location

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Palm Beach

Elementary School

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Listing Courtesy of Michael J Johnston , The Keyes Company

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(954) 599-9056

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Rare investment opportunity with a front single-family home (3/1, approx. 1,600 SF) and a two-story duplex in the rear. Duplex includes a 4/2 upstairs $2,000 per month lease expires 6/30/27. 3/1 downstairs vacent and rents for $1,800-$1,900. Front house leased for $2,400 month-to-month creating flexibility for rental increases or future redevelopment. Total rents up to $6,300 or more. Front home features A/C (2018), . Rear units include newer wall A/Cs and water heater (2016). Below-market rents provide built-in value-add. Drive-by only--please do not disturb tenants. According to the West Palm Housing Authority, market rates for a 3-bedroom unit are $2,590 and for a 4-bedroom unit are $3,130. Additional Features: Utilities: Three separate electric meters, one shared water meter (average $300 per month) Lawn care: Approximately $60 per month Investment Highlights: Immediate Upside: Rents are currently below market, with the opportunity to increase to align with West Palm Housing Authority rates, totaling $8,310 per month across all units. Strong Rental Demand: Close to employment hubs, Clematis Street, and major transit routes including I-95, Brightline, and Palm Beach International Airport. Area Revitalization: Northwood is undergoing significant redevelopment, leading to increasing property values and rental demand. Strategic Location: Steps from the Northwood Historic District, 1.8 miles from downtown West Palm Beach, and minutes from the Intracoastal. Why Invest Here? This property offers strong rental income potential, a prime location, and long-term appreciation, making it an excellent investment for steady cash flow and future growth. Whether you are looking to maximize rental income or owner-occupy a unit, this opportunity provides flexibility and potential in one of South Florida's most promising markets.

805 20th Street A,B,C

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